Payment giant #Visa has allowed US banks to use stablecoin $USDC on the blockchain #Solana for settlements. This was reported by Bloomberg. Among the first partners of the company are Cross River Bank and Lead Bank.

Global Head of Development at Visa Rubail Birwadker noted that this directly relates to the core business of the company — settlements in the Visa network. According to him, now Visa can expand these capabilities to the US market, as banks have been granted permission to use fully collateralized digital dollars and regulated settlement mechanisms.

This step expands access to the company's cryptocurrency products against the backdrop of easing regulations on digital assets in the US. Visa has already integrated support for USDC in international transactions and is now extending the initiative to the domestic market, journalists noted.